Mortgage Layoffs Double and Then Some August 5, 2022 Paul Muolo The job losses in the mortgage brokerage community were much less severe: 900 employees were handed pink slips in June...Read More
Short Takes: Plenty of Jobs, Just Not Mortgage Jobs / Other Opportunities / The Guild GOS Story / MSRs for Sale / More Expansion for Falcon August 5, 2022 Paul Muolo The rate reprieve isn’t enough to eliminate the staff reductions that are now going on at most shops.Read More
Largest Servicers Lose Some Market Share in Second Quarter August 4, 2022 John Bancroft Three of the five largest services saw their portfolios shrink in the second quarter.Read More
Mortgage Earnings Decline by 39% at Publicly Traded Banks August 3, 2022 Brandon Ivey Declining originations and margin cut into mortgage-related earnings at 24 key lenders.Read More
Looser Underwriting Standards Seen in GSE Deliveries August 1, 2022 Namrata Bhatia The GSEs are taking in an increasing amount of loans with higher LTV ratios and lower credit scores.Read More
Delinquencies on Ginnie MBS Increase After Long Decline July 25, 2022 Monica Hogan Most of the increase in the Ginnie delinquency rate was on the FHA side.Read More
FHA, Private MI Notch Gains in Slumping Agency Market in 2Q22 July 21, 2022 John Bancroft FHA loans accounted for 27.1% of insured mortgages in the second quarter...Read More
An Earnings Decline for Warehouse Lender Texas Capital July 21, 2022 Paul Muolo Texas Capital's goal is to become more of a full service bank...Read More
Megabanks Report 2Q Mortgage Results. When Flat Can be Good... July 21, 2022 Paul Muolo Of the early reporting megabanks, there’ve been a few encouraging signs that all is not lost...Read More
Short Takes: Lack of Housing Finance Oversight Hearings? / Impeding? / Mortgage Applications Fall / Existing Home Sales Fall / The Number-One MSR Buyer Is… July 20, 2022 Paul Muolo Hungry for bulk MSRs: Jamie Dimon's JPMorgan Chase...Read More
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